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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SHBI
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Red day on Monday for Shore Bancshares Inc stock after losing 0.535%
(Updated on May 06, 2024)

Hold candidate since May 01, 2024 Gain 5.69% PDF

The Shore Bancshares Inc stock price fell by -0.535% on the last day (Monday, 6th May 2024) from $11.21 to $11.15. During the last trading day the stock fluctuated 1.80% from a day low at $11.11 to a day high of $11.31. The price has been going up and down for this period, and there has been a 5.39% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 thousand shares and in total, 60 thousand shares were bought and sold for approximately $671.92 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.19 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.08% during the next 3 months and, with a 90% probability hold a price between $9.07 and $10.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SHBI Signals & Forecast

The Shore Bancshares Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.70 and $10.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -0.535%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Shore Bancshares Inc stock

Shore Bancshares Inc finds support from accumulated volume at $11.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.200 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 2.63%.

The Shore Bancshares Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $10.74 (-3.68%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SHBI) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Shore Bancshares Inc to open at $11.19, and during the day (based on 14 day Average True Range), to move between $10.88 and $11.42, which gives a possible trading interval of +/-$0.271 (+/-2.43%) up or down from last closing price. If Shore Bancshares Inc takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.21 (0.54%) than the support at $11.02 (1.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Shore Bancshares Inc stock A Buy?

Shore Bancshares Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.854 Hold/Accumulate Unchanged

Predicted Opening Price for Shore Bancshares Inc of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
$11.19 ( 0.359%) $11.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SHBI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.39 2.15 %
R2 11.31 1.47 %
R1 11.27 1.04 %
Current price: 11.15
Support S1 11.11 -0.326 %
S2 11.07 -0.750 %
S3 10.99 -1.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.66 4.57 %
R2 11.36 1.88 %
R1 11.21 0.538 %
Current price 11.15
Support S1 11.02 -1.17%
S2 10.78 -3.32%
S3 10.43 -6.46%

SHBI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 01, 2024 May 15, 2024 May 31, 2024 $0.120 1.08%
2 Feb 02, 2024 Feb 09, 2024 Feb 29, 2024 $0.120 1.06%
3 Nov 07, 2023 Nov 16, 2023 Nov 30, 2023 $0.120 1.01%
4 Jul 25, 2023 Aug 03, 2023 Aug 31, 2023 $0.120 1.08%
5 May 03, 2023 May 11, 2023 Aug 31, 2023 $0.120 1.08%

FAQ

What is the symbol for Shore Bancshares Inc Stock and on which exchange is it traded?
The symbol for Shore Bancshares Inc is SHBI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Shore Bancshares Inc Stock?
Shore Bancshares Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Shore Bancshares Inc Stock?
Shore Bancshares Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shore Bancshares Inc Stock.

What's the current price of Shore Bancshares Inc Stock?
As of the end of day on the May 06, 2024, the price of an Shore Bancshares Inc (SHBI) share was $11.15.

What is the 52-week high and low for Shore Bancshares Inc Stock?
The 52-week high for Shore Bancshares Inc Stock is $84.20 and the 52-week low is $45.25.

What is the market capitalization of Shore Bancshares Inc Stock?
As of the May 06, 2024, the market capitalization of Shore Bancshares Inc is 370.297M.

When is the next earnings date for Shore Bancshares Inc?
The upcoming earnings date for Shore Bancshares Inc is Jul 25, 2024.
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About Shore Bancshares Inc

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as ... SHBI Profile

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